Rebound Stalls
By: Lee Brodie | Producer
BATTLE OF BULL RUN
The headline: Esteemed Wharton Professor Jeremy Siegel Reveals Bullish Outlook
Earlier on CNBC, esteemed Wharton Professor Jeremy Siegel was asked if he was bullish?
He said, "Yes, absolutely....My feeling is, next year, middle of the year, spreads will be down, and the confidence will return."
Hang in there and eventually it will go up, that’s what Siegel is saying, at least according to Tim Seymour.
He’s saying there are no other places to put money, other than equities, countered Pete Najarian. And I recommended looking at technology stocks, Pete added, such as Google (GOOG), Apple (AAPL) Research In Motion (RIMM) and Microsoft (MSFT).
GRIFFIN MAKES AN E*TRADE
The headline: Bank Stocks Fail to Rise Even After Hedge Fund Star Ken Griffin Buys 17% Stake In E*Trade (ETFC).
It’s a great play for him - he paid 27 cents on the dollar, Pete Najarian explained. However shares fell despite the $2.55B cash infusion.
Najarian thinks ETFC stock is cheap and he bought shares Thursday.
| Price | Change | %Change | ||
|---|---|---|---|---|
| ETFC | --- |
SEARS PROFIT PLUMMETS 99%
The headline: Shares (SHLD) Of Sears Holdings Plunge As Eddie Lampert-Run Retailer Posts 1 Cent Profit.
The owner of Sears & Kmart blamed the weak results on weather, increased competition and the credit crisis explained Dylan Ratigan.
Tim Seymour suggested SHLD stock is a buy at current levels.
“Don’t bet against Eddie Lampert,” added Guy Adami.
| Price | Change | %Change | ||
|---|---|---|---|---|
| SHLD | --- |
OIL DOESN'T WANT TO GO UP
The headline: Not Even Explosion of Key Canada-U.S. Pipeline Can Push Oil Prices Higher.
Oil bulls had every reason to believe crude would surge Thursday, said Guy Adami It didn’t.
> Read why in "Adami's Crude Story"
